summary on "of expense"
in 100 words...
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Answer:
RICHES are for spending, and spending for honor and good actions. Therefore extraordinary expense must be limited by the worth of the occasion; for voluntary undoing may be as well for a man’s country as for the kingdom of heaven.
Meaning .. Money and wealth are to be spent one day. People spend money for enhancement of one’s own standing in society and for better living. Money is also spent for charity, social good, and other such benevolent causes. While spending large sums of money or investing a god amount of wealth, one must weigh the wisdom of such parting of resources. Spending for the cause of one’s country, or for noble and lofty causes can be justified as good enough reasons.
But ordinary expense ought to be limited by a man’s estate; and governed with such regard, as it be within his compass; and not subject to deceit and abuse of servants; and ordered to the best show, that the bills may be less than the estimation abroad.
Meaning .. Normal day-to-day expenses of the apparently routine type need to be done commensurate with one’s income and assets. No money should be spent for furthering dishonest and immoral causes. Servants are valued human assets, and the employer must never spent any money to dishonor or humiliate them. Expenses must be less than the income, and should not exceed it.
Certainly, if a man will keep but of even hand, his ordinary expenses ought to be but to the half of his receipts; and if he think to wax rich, but to the third part. It is no baseness for the greatest to descend and look into their own estate.
Meaning .. Ideally, expenses must be around half of one’s income. For those who want to become rich, their expenses should be a third f their incomes. To be calculative and cautious in spending is not a mean thing. Keeping an eye on the income while spending is a prudent policy.
Some forbear it, not upon negligence alone, but doubting to bring themselves into melancholy, in respect they shall find it broken. But wounds cannot be cured without searching. He that cannot look into his own estate at all, had need both choose well those whom he employeth, and change them often; for new are more timorous and less subtle.
Meaning ……Some people do not stick to these principles of judicious spending not only out of negligence, but also for the fear of feeling sad. Inevitably, abandoning caution in spending leads to their financial ruin. If a ruined man wants to rebuild his finances, he must entrust the job of scrutinizing his budget to someone else, who can do the job dispassionately. A person can’t scrutinize his own spending pattern himself, because he will be biased. Even, the ‘Finance Manager’ brought in to restore the health of the finances needs to be replaced periodically. This is because, a newly-recruited Finance Manager will tend to be very alert and strict.
He that can look into his estate but seldom, it behooveth him to turn all to certainties. A man had need, if he be plentiful in some kind of expense, to be as saving again in some other. As if he be plentiful in diet, to be saving in apparel; if he be plentiful in the hall, to be saving in the stable; and the like.